Yes Bank June Quarter Profit Slumps 91% On Higher Provisioning: 10 Points

Yes Bank's asset quality worsened in the quarter ended June 30 as its bad loans ratios rose sharply on a quarterly basis.  Analysts said the earnings miss might trigger some correction in the stock in the near term. "Yes Bank quarterly numbers are bad. We had expected the bank to report net profit of Rs 170-180 crore and it is very bad compared to expectations. Asset quality has also worsened and Yes bank shares can witness a bou...